Sorry SP, have to disagree on that,,,,,,,,imo its not like they...

Sorry SP, have to disagree on that,,,,,,,,imo its not like they complained when the surge in "paper" via ETF's, hedge funds, options, futures markets, CFD's, minis, etc etc took it to record highs as a tiny market exploded because more people were given easier access to speculate on the price via investment demand.....

NCM has always been a price taker,,it is a victim of over development, incorrect production ,price and cost forecasts and currently suffering from huge debt,,,,,,,,,,one only has to look at what it did before it took over lihir,,,,,,,,its was producing at roughly the same rate and at more than half the cost...........its just a company that took a bet on production and a never ending gold price and gold nailed by uncontrolled costs and overestimated production and a falling gold price